ATI (NYSE:ATI) Director David Morehouse Sells 2,485 Shares

ATI Inc. (NYSE:ATI) Director David Morehouse sold 2,485 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the transaction, the director owned 35,826 shares in the company, valued at $7,222,879.86. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ATI Stock Up 2.9%

ATI stock traded up $5.98 during mid-day trading on Friday, hitting $210.52. 1,789,773 shares of the company were exchanged, compared to its average volume of 1,883,215. The firm has a fifty day simple moving average of $201.85 and a 200 day simple moving average of $176.50. The company has a market capitalization of $28.67 billion, a PE ratio of 61.74, a price-to-earnings-growth ratio of 1.22 and a beta of 1.01. ATI Inc. has a twelve month low of $74.45 and a twelve month high of $243.57. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, research analysts forecast that ATI Inc. will post 5.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen upped their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. KeyCorp boosted their target price on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wells Fargo & Company restated an “overweight” rating and issued a $275.00 price target on shares of ATI in a research report on Monday, August 10th. Finally, BTIG Research lifted their price target on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $232.00.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC boosted its holdings in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 123 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of ATI in the 2nd quarter worth about $30,000. Summit Securities Group LLC bought a new stake in ATI in the 1st quarter valued at about $60,000. Triumph Capital Management lifted its position in ATI by 22.4% in the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 58 shares during the last quarter. Finally, Hollencrest Capital Management boosted its stake in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 334 shares during the period.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.